What is Health Insurance

what is health insurance health insurance is a type of insurance that help covers the cost of uninsured persons medical and surgical expenses insurers use the term provider to describe a Clinic hospital doctoral laboratory Healthcare practitioner sorry Healthcare Healthcare practitioner or Pharmacy that provides treatment for an individual's condition the insurer is the owner of the health insurance policy or the person with the health insurance coverage in this article learn more about what health insurance is why it is important types of plan and legislation details depending on the hype of health insurance coverage a person has either the insurance pay close out of pocket and receive reimbursement or the insurer makes payments directly to the provider in countries with universal sorry in countries with a 

Universal Health Care coverage such as the United States how insurance is commonly included in employer benefit package following the introduction of the Affordable Care Act in 2010 the number of people without insurance fell by over 20 million to reach the lowest ever level in 2016. according to the case or Family Foundation or kff however from 2017 the number of adults without insurance rubs 

Again by 2.2 million from two sorry from 26.7 million in 2016 to 20x 0.9 million in 2019. between 2016 and 2019 the percentage of people without insurance Rose from 10 to 10.9 percent however the rate of people with health insurance is still higher than it was before the introduction of the Affordable 

Care Act a 2012 report from the Commonwealth fund states that one quarter of all United States citizens of working egg have experienced a gap in health insurance coverage many people in the survey lost their sub many people in the survey lost their health insurance when they became an employer or changed jobs the level of treatment a person receives in emergency departments various significantly depending on what type of deal instruments they have there are two main types of health insurance private and public or government there are also a few other more specific types the following section will look at each of these in more detail the Centers for Disease Control and prevention or CDC say that the United States Healthcare System released heavily on Private health insurance in the National Health interview survey freeze researchers founded 63.7 trusted sorts of people under the act of 95 years in the 

United States have a type of Private health insurance coverage with this type of insurance the state's subsidies Health Care in exchange for a premium Medicare medicine and Veterans Health Administration and the Indian Health Service are example of Public Health Insurance in the United States some people may also Define an insurer by the way it administers it plans and connects with providers here are examples of the types of plan available with this type of plan the insurer will have contracts with a network of providers to provide lower cost Medical Care to its policyholders there will be penalties and additional costs added to out of network Hospital and Clinics but they will provide some treatment the more expensive the policy the more flexible it is likely to be with the network of 

Hospital manage care plans with this type of plan the insurer will have contracts with a network of providers to provide lower cost Medical Care to its policyholder there will be penalties and additional costs added to all of work Hospital and Clinics but they will provide some treatment in the meeting or fee for surface plans for surface plants covers treatment equally among our providers allowing the interest to choose their preferred place of treatment the injurer will typically pay 80 of course on any internet plan while the individual pay sorry while the individual pays the remaining cost as a core insurance help maintains organization plans that occur there are organizations that provide medical care directly to the injury the policy will usually have a dedicated primary care physicians who will coordinate all necessary care help maintains organization or HMO plans will usually only form treatment referred by a family doctor and will have negotiated fees for each medical service to minimize costs this is usually the cheapest type of plan prefer provider organization plant a prefer provider okay a prefer provider organization or PPO plan is similar to an intermittent plan in that it allows the insurer to visit any doctor they prefer the PPO plan also has a network of approved providers with which it has negotiated costs the insurer will play less for treatment with point of selfish plant a point of surface plan functions as a combination of an HMO plan and a PPO plan the insurer can choose between coordinating all treatment through a primary care physicians precisely receiving treatment within the insurance provider Network and using non-network providers the type of plan they have will take the type of plan they have will dictate the progress of treatment why is the type of insurance plan important the type of plant a person has dictates how they will approach getting the treatment they need and how much money they will need to pay on the day sorry and how much money they will need to pay on the day they receive it in 2013 in 2003 the United States Congress introduced a new Option the health saving accounts sorry the health saving accounts are HSA it is a combination of an HMO plan and a PPO plan an intermediate plan and a savings account with tax benefits however in plan year 2020 a policyholders must pay this type with an existing help plan that has a sorry that has a deductible over 1040 for individuals or two thousand eight hundred dollars for families out of network providers however people with a PPO plan can self-refer to Specialists without having to visit a primary care decision point of surface plants a point of surface a point of surface plan functions as a combination of an HMO plan and a PPO plan the insurer can choose between coordinating all treatment through a primary care physicians receiving treatment within the insurance providers Network and using non-network providers the type of plan they will dictate the progress of treatment hsas can top up coverage extending existing plans to cover away trains of treatment If an employer is paid for an age sa on behalf of their employees the payment are tax-free an individual can build up funds in the HSA while they are healthy and have for instance of poor help later in life okay everyone that's all this article today thank you so much for watching this article until the next one bye bye

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